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Ruleclick
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this post was submitted on 26 Jul 2024
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nft art is stupid but not for the reason most people think it is. most people don't even know that there's a difference between an nft and nft "art"
oh wow an enlightened being that knows that nfts are links to monke jpegs stored in an extremely inefficient append-only database, instead of jpegs themselves. none of that shit is remotely practical unless you make some hopelessly paranoid libertarian flavoured assumptions about how world works
btw fun fact, all bitcoins are NFTs
I don't think that's true. Bitcoins are fungible, NFTs aren't.
nope! bitcoins aren't fungible anymore. you can track all bitcoins across the entire blockchain, any bitcoins involved in illegal activity are "dirty" and not accepted by exchanges. "virgin" bitcoins are worth more than "used" bitcoins. they aren't truly fungible anymore.